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On 11 March 2015, SUERF jointly organised a conference with the Oesterreichische Nationalbank and the Austrian Society for Bank Research (Bankwissenschaftliche Gesellschaft - BWG). The present SUERF Study 2015/2 includes a selection of papers based on the authors' contributions to the Vienna...
Persistent link: https://www.econbiz.de/10011413495
In March 2013 around 130 participants from academia, banking and finance, governments and central banking gathered at the premises of the OeNB in Vienna for a conference jointly organized by the European Money and Finance Forum SUERF, the OeNB and the Austrian Society for Bank Research to...
Persistent link: https://www.econbiz.de/10011711793
monetary policy regimes towards inflation targeting, expected monetary policy has become more important as a determinant of …
Persistent link: https://www.econbiz.de/10005627579
the inflation target and to communicate information about the output target and supply shocks with perceived ambiguity. In …
Persistent link: https://www.econbiz.de/10005627582
Ten years of inflation targeting worldwide provide valuable lessons. Inflation targeters (ITers) have been very … successful in meeting their inflation targets (ITs). Industrial output sacrifice during inflation stabilization and industrial … output volatility has frequently been lowered after IT adoption. ITers have consistently reduced inflation forecast errors …
Persistent link: https://www.econbiz.de/10005839460
first find that there has been a strong push towards the floating cum inflation-targeting corner and to regional trade …
Persistent link: https://www.econbiz.de/10005802621
This paper analyzes the institutional framework of central banks in ten Central and East European countries using the ECB as benchmark. It looks at the legislated objectives of these central banks, assesses the degree of political and functional independence and the status of their democratic...
Persistent link: https://www.econbiz.de/10005802628
In this paper we analyze equilibrium determinacy in a sticky price model in which the pass-through from policy rates to retail interest rates is sluggish and potentially incomplete. In addition, we empirically characterize and compare the interest rate pass-through process in the euro area and...
Persistent link: https://www.econbiz.de/10005627573
The current financial, economic and fiscal crisis is among other things characterised by complex interrelations between financial, fiscal, macroeconomic and political instability. One instability breeds another, with feedback loops generating self-reinforcing adverse cycles: The financial crisis...
Persistent link: https://www.econbiz.de/10011711578
Persistent link: https://www.econbiz.de/10011406319